Date SPGTCED Index (SPt) SPt-1 rSPt sSP s2SP

1/2/2015 626.91 NA NA NA NA
1/5/2015 615.4 626.91 -1.8360 -1.8434 3.3983
1/6/2015 614.41 615.4 -0.1609 -0.1683 0.0283
1/7/2015 614.58 614.41 0.0277 0.0202 0.0004
1/8/2015 627.3 614.58 2.0697 2.0623 4.2529
1/9/2015 626.46 627.3 -0.1339 -0.1414 0.0200
1/12/2015 620.74 626.46 -0.9131 -0.9205 0.8474
1/13/2015 623.76 620.74 0.4865 0.4791 0.2295
1/14/2015 622.78 623.76 -0.1571 -0.1646 0.0271
1/15/2015 615.17 622.78 -1.2219 -1.2294 1.5114
1/16/2015 613.62 615.17 -0.2520 -0.2594 0.0673
1/19/2015 615.69 613.62 0.3373 0.3299 0.1088
1/20/2015 612.92 615.69 -0.4499 -0.4574 0.2092
1/21/2015 619.53 612.92 1.0784 1.0710 1.1470
1/22/2015 621.61 619.53 0.3357 0.3283 0.1078
1/23/2015 624.42 621.61 0.4521 0.4446 0.1977
1/26/2015 643.31 624.42 3.0252 3.0178 9.1068
1/27/2015 651.82 643.31 1.3228 1.3154 1.7303
1/28/2015 646.47 651.82 -0.8208 -0.8282 0.6860
1/29/2015 644.02 646.47 -0.3790 -0.3864 0.1493
1/30/2015 639.53 644.02 -0.6972 -0.7046 0.4965
2/2/2015 652 639.53 1.9499 1.9424 3.7730
2/3/2015 666.55 652 2.2316 2.2241 4.9468
2/4/2015 665.89 666.55 -0.0990 -0.1065 0.0113
2/5/2015 669.63 665.89 0.5617 0.5542 0.3071
2/6/2015 669.66 669.63 0.0045 -0.0030 0.0000
2/9/2015 667.38 669.66 -0.3405 -0.3479 0.1211
2/10/2015 673.86 667.38 0.9710 0.9635 0.9283
2/11/2015 669.46 673.86 -0.6530 -0.6604 0.4361
2/12/2015 678.85 669.46 1.4026 1.3952 1.9465
2/13/2015 683.26 678.85 0.6496 0.6422 0.4124
2/16/2015 682.81 683.26 -0.0659 -0.0733 0.0054
2/17/2015 682.17 682.81 -0.0937 -0.1012 0.0102
2/18/2015 682.29 682.17 0.0176 0.0101 0.0001
2/19/2015 677.84 682.29 -0.6522 -0.6597 0.4352
2/20/2015 678.73 677.84 0.1313 0.1238 0.0153
2/23/2015 680.17 678.73 0.2122 0.2047 0.0419
2/24/2015 690.76 680.17 1.5570 1.5495 2.4010
2/25/2015 696.4 690.76 0.8165 0.8090 0.6545
2/26/2015 698.57 696.4 0.3116 0.3041 0.0925
2/27/2015 698.93 698.57 0.0515 0.0441 0.0019
3/2/2015 709.06 698.93 1.4494 1.4419 2.0791
 3/3/2015 716.34 709.06 1.0267 1.0193 1.0389
3/4/2015 736.7 716.34 2.8422 2.8348 8.0359
3/5/2015 768.8 736.7 4.3573 4.3498 18.9209
3/6/2015 751.76 768.8 -2.2164 -2.2239 4.9457
3/9/2015 737.46 751.76 -1.9022 -1.9097 3.6468
3/10/2015 726.68 737.46 -1.4618 -1.4692 2.1586
3/11/2015 725.66 726.68 -0.1404 -0.1478 0.0219
3/12/2015 728.69 725.66 0.4176 0.4101 0.1682
3/13/2015 723.69 728.69 -0.6862 -0.6936 0.4811
3/16/2015 727.64 723.69 0.5458 0.5384 0.2898
3/17/2015 730.4 727.64 0.3793 0.3719 0.1383
3/18/2015 740.38 730.4 1.3664 1.3589 1.8467
3/19/2015 739.44 740.38 -0.1270 -0.1344 0.0181
3/20/2015 751.07 739.44 1.5728 1.5654 2.4503
3/23/2015 754.47 751.07 0.4527 0.4452 0.1982
3/24/2015 756.16 754.47 0.2240 0.2165 0.0469
3/25/2015 752.36 756.16 -0.5025 -0.5100 0.2601
3/26/2015 742.63 752.36 -1.2933 -1.3007 1.6919
3/27/2015 741.98 742.63 -0.0875 -0.0950 0.0090
3/30/2015 751.73 741.98 1.3141 1.3066 1.7072
3/31/2015 755.14 751.73 0.4536 0.4462 0.1991
4/1/2015 764.52 755.14 1.2422 1.2347 1.5245
4/2/2015 771.98 764.52 0.9758 0.9683 0.9376
4/3/2015 771.85 771.98 -0.0168 -0.0243 0.0006
4/6/2015 777.45 771.85 0.7255 0.7181 0.5156
4/7/2015 776.65 777.45 -0.1029 -0.1104 0.0122
4/8/2015 785.87 776.65 1.1871 1.1797 1.3917
4/9/2015 796.45 785.87 1.3463 1.3388 1.7925
4/10/2015 797.89 796.45 0.1808 0.1733 0.0300
4/13/2015 803.28 797.89 0.6755 0.6681 0.4463
4/14/2015 800.03 803.28 -0.4046 -0.4120 0.1698
4/15/2015 805.84 800.03 0.7262 0.7188 0.5166
4/16/2015 807.53 805.84 0.2097 0.2023 0.0409
4/17/2015 800.15 807.53 -0.9139 -0.9214 0.8489
4/20/2015 792.32 800.15 -0.9786 -0.9860 0.9722
4/21/2015 798.27 792.32 0.7510 0.7435 0.5528
4/22/2015 804.44 798.27 0.7729 0.7655 0.5859
4/23/2015 812.45 804.44 0.9957 0.9883 0.9767
4/24/2015 807.43 812.45 -0.6179 -0.6253 0.3910
4/27/2015 808.38 807.43 0.1177 0.1102 0.0121
4/28/2015 812.3 808.38 0.4849 0.4775 0.2280
4/29/2015 802.81 812.3 -1.1683 -1.1757 1.3824
4/30/2015 795.01 802.81 -0.9716 -0.9790 0.9585
 5/1/2015 793.81 795.01 -0.1509 -0.1584 0.0251
5/4/2015 799.06 793.81 0.6614 0.6539 0.4276
5/5/2015 792.59 799.06 -0.8097 -0.8172 0.6677
5/6/2015 792.08 792.59 -0.0643 -0.0718 0.0052
5/7/2015 789.69 792.08 -0.3017 -0.3092 0.0956
5/8/2015 804.79 789.69 1.9121 1.9047 3.6278
5/11/2015 807.85 804.79 0.3802 0.3728 0.1390
5/12/2015 803.62 807.85 -0.5236 -0.5311 0.2820
5/13/2015 807.37 803.62 0.4666 0.4592 0.2109
5/14/2015 809.42 807.37 0.2539 0.2465 0.0607
5/15/2015 812.15 809.42 0.3373 0.3298 0.1088
5/18/2015 809.18 812.15 -0.3657 -0.3732 0.1392
5/19/2015 806.94 809.18 -0.2768 -0.2843 0.0808
5/20/2015 785.06 806.94 -2.7115 -2.7189 7.3926
5/21/2015 784.98 785.06 -0.0102 -0.0176 0.0003
5/22/2015 784.62 784.98 -0.0459 -0.0533 0.0028
5/25/2015 782.28 784.62 -0.2982 -0.3057 0.0934
5/26/2015 776.34 782.28 -0.7593 -0.7668 0.5879
5/27/2015 778.3 776.34 0.2525 0.2450 0.0600
5/28/2015 772.74 778.3 -0.7144 -0.7218 0.5210
5/29/2015 768.88 772.74 -0.4995 -0.5070 0.2570
6/1/2015 768.21 768.88 -0.0871 -0.0946 0.0089
6/2/2015 769.34 768.21 0.1471 0.1396 0.0195
6/3/2015 770.09 769.34 0.0975 0.0900 0.0081
6/4/2015 762.25 770.09 -1.0181 -1.0255 1.0517
6/5/2015 758.03 762.25 -0.5536 -0.5611 0.3148
6/8/2015 750.76 758.03 -0.9591 -0.9665 0.9342
6/9/2015 739.6 750.76 -1.4865 -1.4939 2.2319
6/10/2015 748.38 739.6 1.1871 1.1797 1.3916
6/11/2015 752.38 748.38 0.5345 0.5270 0.2778
6/12/2015 750.09 752.38 -0.3044 -0.3118 0.0972
6/15/2015 742.32 750.09 -1.0359 -1.0433 1.0885
6/16/2015 744.31 742.32 0.2681 0.2606 0.0679
6/17/2015 747.5 744.31 0.4286 0.4211 0.1774
6/18/2015 752.85 747.5 0.7157 0.7083 0.5016
6/19/2015 745.51 752.85 -0.9750 -0.9824 0.9651
6/22/2015 756 745.51 1.4071 1.3996 1.9590
6/23/2015 760.46 756 0.5899 0.5825 0.3393
6/24/2015 754.52 760.46 -0.7811 -0.7886 0.6218
6/25/2015 747.05 754.52 -0.9900 -0.9975 0.9950
6/26/2015 739.24 747.05 -1.0454 -1.0529 1.1086
6/29/2015 717.01 739.24 -3.0071 -3.0146 9.0878
6/30/2015 723.02 717.01 0.8382 0.8307 0.6901
 7/1/2015 723.93 723.02 0.1259 0.1184 0.0140
7/2/2015 722.18 723.93 -0.2417 -0.2492 0.0621
7/3/2015 717.98 722.18 -0.5816 -0.5890 0.3470
7/6/2015 695.25 717.98 -3.1658 -3.1733 10.0697
7/7/2015 680.9 695.25 -2.0640 -2.0715 4.2909
7/8/2015 668.69 680.9 -1.7932 -1.8007 3.2424
7/9/2015 691.46 668.69 3.4052 3.3977 11.5444
7/10/2015 711.67 691.46 2.9228 2.9153 8.4992
7/13/2015 720.51 711.67 1.2421 1.2347 1.5245
7/14/2015 722.06 720.51 0.2151 0.2077 0.0431
7/15/2015 712.15 722.06 -1.3725 -1.3799 1.9042
7/16/2015 719.85 712.15 1.0812 1.0738 1.1530
7/17/2015 716.69 719.85 -0.4390 -0.4464 0.1993
7/20/2015 720.72 716.69 0.5623 0.5549 0.3079
7/21/2015 720.28 720.72 -0.0611 -0.0685 0.0047
7/22/2015 691.44 720.28 -4.0040 -4.0115 16.0918
7/23/2015 686.26 691.44 -0.7492 -0.7566 0.5725
7/24/2015 680.02 686.26 -0.9093 -0.9167 0.8404
7/27/2015 668.53 680.02 -1.6897 -1.6971 2.8802
7/28/2015 671.47 668.53 0.4398 0.4323 0.1869
7/29/2015 686.89 671.47 2.2965 2.2890 5.2395
7/30/2015 672.59 686.89 -2.0818 -2.0893 4.3652
7/31/2015 674.77 672.59 0.3241 0.3167 0.1003
8/3/2015 672.09 674.77 -0.3972 -0.4046 0.1637
8/4/2015 669.69 672.09 -0.3571 -0.3645 0.1329
8/5/2015 678.61 669.69 1.3320 1.3245 1.7543
8/6/2015 669.05 678.61 -1.4088 -1.4162 2.0057
8/7/2015 663.18 669.05 -0.8774 -0.8848 0.7829
8/10/2015 670.14 663.18 1.0495 1.0420 1.0858
8/11/2015 658.54 670.14 -1.7310 -1.7384 3.0222
8/12/2015 654.94 658.54 -0.5467 -0.5541 0.3070
8/13/2015 657.13 654.94 0.3344 0.3269 0.1069
8/14/2015 657 657.13 -0.0198 -0.0272 0.0007
8/17/2015 658.48 657 0.2253 0.2178 0.0474
8/18/2015 656.57 658.48 -0.2901 -0.2975 0.0885
8/19/2015 643.18 656.57 -2.0394 -2.0468 4.1896
8/20/2015 620.47 643.18 -3.5309 -3.5383 12.5199
8/21/2015 599.89 620.47 -3.3168 -3.3243 11.0509
8/24/2015 578.45 599.89 -3.5740 -3.5814 12.8267
8/25/2015 586.35 578.45 1.3657 1.3583 1.8449
8/26/2015 587.15 586.35 0.1364 0.1290 0.0166
8/27/2015 610.55 587.15 3.9854 3.9779 15.8237
8/28/2015 615.21 610.55 0.7632 0.7558 0.5712
 8/31/2015 605.31 615.21 -1.6092 -1.6167 2.6136
9/1/2015 591.29 605.31 -2.3162 -2.3236 5.3992
9/2/2015 590.03 591.29 -0.2131 -0.2205 0.0486
9/3/2015 592.93 590.03 0.4915 0.4840 0.2343
9/4/2015 582.81 592.93 -1.7068 -1.7142 2.9386
9/7/2015 585.05 582.81 0.3843 0.3769 0.1420
9/8/2015 595.84 585.05 1.8443 1.8368 3.3740
9/9/2015 602.6 595.84 1.1345 1.1271 1.2703
9/10/2015 601.01 602.6 -0.2639 -0.2713 0.0736
9/11/2015 597.89 601.01 -0.5191 -0.5266 0.2773
9/14/2015 596.25 597.89 -0.2743 -0.2818 0.0794
9/15/2015 599.65 596.25 0.5702 0.5628 0.3167
9/16/2015 607.19 599.65 1.2574 1.2499 1.5624
9/17/2015 608.85 607.19 0.2734 0.2659 0.0707
9/18/2015 601.91 608.85 -1.1399 -1.1473 1.3163
9/21/2015 598.35 601.91 -0.5915 -0.5989 0.3587
9/22/2015 588.05 598.35 -1.7214 -1.7289 2.9889
9/23/2015 576.7 588.05 -1.9301 -1.9376 3.7541
9/24/2015 571.04 576.7 -0.9814 -0.9889 0.9779
9/25/2015 575.35 571.04 0.7548 0.7473 0.5585
9/28/2015 562.32 575.35 -2.2647 -2.2722 5.1627
9/29/2015 559.46 562.32 -0.5086 -0.5161 0.2663
9/30/2015 575.49 559.46 2.8653 2.8578 8.1671
10/1/2015 578.48 575.49 0.5196 0.5121 0.2622
10/2/2015 596.66 578.48 3.1427 3.1353 9.8299
10/5/2015 612.06 596.66 2.5810 2.5736 6.6233
10/6/2015 620.25 612.06 1.3381 1.3306 1.7706
10/7/2015 631.26 620.25 1.7751 1.7676 3.1245
10/8/2015 633.03 631.26 0.2804 0.2729 0.0745
10/9/2015 640.88 633.03 1.2401 1.2326 1.5193
10/12/2015 635.84 640.88 -0.7864 -0.7939 0.6302
10/13/2015 629.07 635.84 -1.0647 -1.0722 1.1496
10/14/2015 636.91 629.07 1.2463 1.2388 1.5347
10/15/2015 648.32 636.91 1.7915 1.7840 3.1827
10/16/2015 642.33 648.32 -0.9239 -0.9314 0.8675
10/19/2015 638.09 642.33 -0.6601 -0.6676 0.4456
10/20/2015 640.46 638.09 0.3714 0.3640 0.1325
10/21/2015 637.81 640.46 -0.4138 -0.4212 0.1774
10/22/2015 638.14 637.81 0.0517 0.0443 0.0020
10/23/2015 637.63 638.14 -0.0799 -0.0874 0.0076
10/26/2015 635.59 637.63 -0.3199 -0.3274 0.1072
10/27/2015 621.91 635.59 -2.1523 -2.1598 4.6647
10/28/2015 627.39 621.91 0.8812 0.8737 0.7634
10/29/2015 628.08 627.39 0.1100 0.1025 0.0105
10/30/2015 624.57 628.08 -0.5588 -0.5663 0.3207
11/2/2015 628.61 624.57 0.6468 0.6394 0.4088
11/3/2015 629.98 628.61 0.2179 0.2105 0.0443
11/4/2015 630.76 629.98 0.1238 0.1164 0.0135
11/5/2015 628.29 630.76 -0.3916 -0.3990 0.1592
11/6/2015 630.98 628.29 0.4281 0.4207 0.1770
11/9/2015 622.98 630.98 -1.2679 -1.2753 1.6264
11/10/2015 607.73 622.98 -2.4479 -2.4554 6.0288
11/11/2015 605.41 607.73 -0.3817 -0.3892 0.1515
11/12/2015 598.68 605.41 -1.1116 -1.1191 1.2524
11/13/2015 591.24 598.68 -1.2427 -1.2502 1.5630
11/16/2015 594.42 591.24 0.5379 0.5304 0.2813
11/17/2015 589.04 594.42 -0.9051 -0.9125 0.8327
11/18/2015 591.68 589.04 0.4482 0.4407 0.1942
11/19/2015 596.04 591.68 0.7369 0.7294 0.5321
11/20/2015 598.26 596.04 0.3725 0.3650 0.1332
11/23/2015 597 598.26 -0.2106 -0.2181 0.0476
11/24/2015 598.8 597 0.3015 0.2941 0.0865
11/25/2015 598.7 598.8 -0.0167 -0.0242 0.0006
11/26/2015 600.11 598.7 0.2355 0.2281 0.0520
11/27/2015 598.01 600.11 -0.3499 -0.3574 0.1277
11/30/2015 594.33 598.01 -0.6154 -0.6228 0.3879
12/1/2015 604.17 594.33 1.6556 1.6482 2.7165
12/2/2015 611.38 604.17 1.1934 1.1859 1.4064
12/3/2015 613.37 611.38 0.3255 0.3180 0.1011
12/4/2015 612.35 613.37 -0.1663 -0.1737 0.0302
12/7/2015 606.72 612.35 -0.9194 -0.9269 0.8591
12/8/2015 599.42 606.72 -1.2032 -1.2106 1.4657
12/9/2015 600.78 599.42 0.2269 0.2194 0.0482
12/10/2015 592.47 600.78 -1.3832 -1.3907 1.9339
12/11/2015 580.28 592.47 -2.0575 -2.0649 4.2640
12/14/2015 591.29 580.28 1.8974 1.8899 3.5717
12/15/2015 600.98 591.29 1.6388 1.6313 2.6613
12/16/2015 629.01 600.98 4.6640 4.6566 21.6839
12/17/2015 629.89 629.01 0.1399 0.1324 0.0175
12/18/2015 626.11 629.89 -0.6001 -0.6076 0.3691
12/21/2015 626.39 626.11 0.0447 0.0373 0.0014
12/22/2015 620.19 626.39 -0.9898 -0.9973 0.9945
12/23/2015 629.29 620.19 1.4673 1.4598 2.1311
12/24/2015 633.25 629.29 0.6293 0.6218 0.3867
12/25/2015 633.17 633.25 -0.0126 -0.0201 0.0004
12/28/2015 628.32 633.17 -0.7660 -0.7734 0.5982
12/29/2015 628.12 628.32 -0.0318 -0.0393 0.0015
12/30/2015 625.43 628.12 -0.4283 -0.4357 0.1898
12/31/2015 625.72 625.43 0.0464 0.0389 0.0015

1.9307 424.7373

1 Expeted Rates of Return (Daily )

(ErSP)Daily = (rSP
̅ )Daily 0.0075 %

2 Expexted Return (Annual) = Daily Expected rate of returns * 365

ErSP 2.7208 %

3 Variance (Daily)

(s2SP)Daily 1.6463

4 Covariance (Daily)

(sSP,B)Daily = 0.0085

5 Expected Rate of Return on Portfolio (Annual)

Weight of Portfolio wSP 0.4

Erp = 2.9553 %

6 Portfolio Variance (Daily)

 w2SP 0.16

(S2p)Daily = 0.2813

7 Portfolio Variance (Annual)

(S2p) = (S2p)Daily * 365 = 102.6836

8 Risk of Portfolio (Annual)

sd[p] = Sp = √S2p = 10.1333 %

This explains that the given porfolio will occur an annual return of 102.6836 % with an annual risk of +

9 New Portfolio

Weight of New Portfolio wSP 0.5

2
w SP 0.25

Expected Rate of Return on Portfolio (Annual)

Erp 2.9162 %

Portfolio Variance (Daily)

(S2p)Daily = 0.4254

Portfolio Variance (Annual)

 (S2p) = (S2p)Daily * 365 = 155.2836

Risk of Portfolio (Annual)

sd[p] = Sp = √S2p = 12.4613 %

10 Another Portfolio

Weight of New Portfolio wSP 0.6

2
w SP 0.36

Expected Rate of Return on Portfolio (Annual)

Erp 2.8771 %

Portfolio Variance (Daily)

(S2p)Daily = 0.6029

Portfolio Variance (Annual)

(S2p) = (S2p)Daily * 365 = 220.0573

Risk of Portfolio (Annual)

sd[p] = Sp = √S2p = 14.8343 %

Portfolio 1 Portfolio 2
wSP wB wSP wB
40% 60% 50% 50%
Rate of Return / Sample
mean 2.9553 2.9162

10.1333 12.4613
Risk / Standard Deviation
Portfolio 1 should be the first choice of Investor because it will give highest return among all the por
the risk is also least in portfolio 1
S&P US Agg Bond TR (Bt) Bt-1 rBt sB s 2B sSP*sB
185.261 NA NA NA NA NA
184.798 185.261 -0.2499 -0.2584 0.0668 0.4764
184.396 184.798 -0.2175 -0.2261 0.0511 0.0381
184.285 184.396 -0.0602 -0.0687 0.0047 -0.0014
183.811 184.285 -0.2572 -0.2657 0.0706 -0.5480
183.634 183.811 -0.0963 -0.1048 0.0110 0.0148
183.388 183.634 -0.1340 -0.1425 0.0203 0.1312
182.941 183.388 -0.2437 -0.2523 0.0636 -0.1209
183.32 182.941 0.2072 0.1986 0.0395 -0.0327
183.689 183.32 0.2013 0.1928 0.0372 -0.2370
182.795 183.689 -0.4867 -0.4952 0.2452 0.1285
182.848 182.795 0.0290 0.0205 0.0004 0.0068
182.713 182.848 -0.0738 -0.0824 0.0068 0.0377
183.017 182.713 0.1664 0.1579 0.0249 0.1691
183.696 183.017 0.3710 0.3625 0.1314 0.1190
183.11 183.696 -0.3190 -0.3275 0.1073 -0.1456
182.749 183.11 -0.1971 -0.2057 0.0423 -0.6207
182.845 182.749 0.0525 0.0440 0.0019 0.0579
183.286 182.845 0.2412 0.2327 0.0541 -0.1927
183.021 183.286 -0.1446 -0.1531 0.0234 0.0592
183.59 183.021 0.3109 0.3024 0.0914 -0.2131
183.633 183.59 0.0234 0.0149 0.0002 0.0289
183.706 183.633 0.0398 0.0312 0.0010 0.0695
183.861 183.706 0.0844 0.0758 0.0058 -0.0081
183.264 183.861 -0.3247 -0.3332 0.1110 -0.1847
182.709 183.264 -0.3028 -0.3114 0.0969 0.0009
181.997 182.709 -0.3897 -0.3982 0.1586 0.1385
182.442 181.997 0.2445 0.2360 0.0557 0.2274
181.753 182.442 -0.3777 -0.3862 0.1491 0.2550
181.953 181.753 0.1100 0.1015 0.0103 0.1416
181.603 181.953 -0.1924 -0.2009 0.0404 -0.1290
181.162 181.603 -0.2428 -0.2514 0.0632 0.0184
181.894 181.162 0.4041 0.3955 0.1564 -0.0400
181.84 181.894 -0.0297 -0.0382 0.0015 -0.0004
181.955 181.84 0.0632 0.0547 0.0030 -0.0361
182.232 181.955 0.1522 0.1437 0.0207 0.0178
182.315 182.232 0.0455 0.0370 0.0014 0.0076
182.117 182.315 -0.1086 -0.1171 0.0137 -0.1815
182.668 182.117 0.3026 0.2940 0.0865 0.2379
181.937 182.668 -0.4002 -0.4087 0.1670 -0.1243
181.626 181.937 -0.1709 -0.1795 0.0322 -0.0079
181.923 181.626 0.1635 0.1550 0.0240 0.2235
181.755 181.923 -0.0923 -0.1009 0.0102 -0.1028
181.212 181.755 -0.2988 -0.3073 0.0944 -0.8711
182.252 181.212 0.5739 0.5654 0.3197 2.4593
182.149 182.252 -0.0565 -0.0650 0.0042 0.1446
181.562 182.149 -0.3223 -0.3308 0.1094 0.6317
181.886 181.562 0.1785 0.1699 0.0289 -0.2497
182.687 181.886 0.4404 0.4319 0.1865 -0.0638
182.963 182.687 0.1511 0.1426 0.0203 0.0585
183.205 182.963 0.1323 0.1237 0.0153 -0.0858
182.49 183.205 -0.3903 -0.3988 0.1590 -0.2147
181.705 182.49 -0.4302 -0.4387 0.1924 -0.1631
181.62 181.705 -0.0468 -0.0553 0.0031 -0.0752
181.888 181.62 0.1476 0.1390 0.0193 -0.0187
182.257 181.888 0.2029 0.1943 0.0378 0.3042
182.276 182.257 0.0104 0.0019 0.0000 0.0008
182.374 182.276 0.0538 0.0452 0.0020 0.0098
182.16 182.374 -0.1173 -0.1259 0.0158 0.0642
182.404 182.16 0.1339 0.1254 0.0157 -0.1631
182.516 182.404 0.0614 0.0529 0.0028 -0.0050
182.852 182.516 0.1841 0.1756 0.0308 0.2294
182.862 182.852 0.0055 -0.0031 0.0000 -0.0014
183.14 182.862 0.1520 0.1435 0.0206 0.1772
182.95 183.14 -0.1037 -0.1123 0.0126 -0.1087
182.774 182.95 -0.0962 -0.1047 0.0110 0.0025
182.879 182.774 0.0574 0.0489 0.0024 0.0351
183.327 182.879 0.2450 0.2364 0.0559 -0.0261
183.725 183.327 0.2171 0.2086 0.0435 0.2461
183.173 183.725 -0.3004 -0.3090 0.0955 -0.4137
182.797 183.173 -0.2053 -0.2138 0.0457 -0.0371
183.085 182.797 0.1576 0.1490 0.0222 0.0996
183.448 183.085 0.1983 0.1897 0.0360 -0.0782
183.019 183.448 -0.2339 -0.2424 0.0587 -0.1742
183.731 183.019 0.3890 0.3805 0.1448 0.0770
183.662 183.731 -0.0376 -0.0461 0.0021 0.0425
183.26 183.662 -0.2189 -0.2274 0.0517 0.2242
183.015 183.26 -0.1337 -0.1422 0.0202 -0.1057
183.288 183.015 0.1492 0.1406 0.0198 0.1077
183.007 183.288 -0.1533 -0.1618 0.0262 -0.1599
183.512 183.007 0.2759 0.2674 0.0715 -0.1672
183.778 183.512 0.1449 0.1364 0.0186 0.0150
183.974 183.778 0.1067 0.0981 0.0096 0.0469
184.143 183.974 0.0919 0.0833 0.0069 -0.0980
183.326 184.143 -0.4437 -0.4522 0.2045 0.4427
182.907 183.326 -0.2286 -0.2371 0.0562 0.0376
183.05 182.907 0.0782 0.0697 0.0049 0.0455
183.015 183.05 -0.0191 -0.0276 0.0008 0.0226
182.878 183.015 -0.0749 -0.0834 0.0070 0.0060
183.14 182.878 0.1433 0.1347 0.0182 -0.0417
182.929 183.14 -0.1152 -0.1237 0.0153 -0.2357
183.202 182.929 0.1492 0.1407 0.0198 0.0525
183.512 183.202 0.1692 0.1607 0.0258 -0.0853
183.085 183.512 -0.2327 -0.2412 0.0582 -0.1108
183.272 183.085 0.1021 0.0936 0.0088 0.0231
183.022 183.272 -0.1364 -0.1449 0.0210 -0.0478
183.308 183.022 0.1563 0.1477 0.0218 -0.0551
183.357 183.308 0.0267 0.0182 0.0003 -0.0052
182.535 183.357 -0.4483 -0.4568 0.2087 1.2421
182.45 182.535 -0.0466 -0.0551 0.0030 0.0010
183.302 182.45 0.4670 0.4585 0.2102 -0.0244
183.888 183.302 0.3197 0.3112 0.0968 -0.0951
183.268 183.888 -0.3372 -0.3457 0.1195 0.2651
183.824 183.268 0.3034 0.2949 0.0869 0.0722
183.715 183.824 -0.0593 -0.0678 0.0046 0.0490
183.823 183.715 0.0588 0.0503 0.0025 -0.0255
183.508 183.823 -0.1714 -0.1799 0.0324 0.0170
183.939 183.508 0.2349 0.2263 0.0512 0.0316
184.119 183.939 0.0979 0.0893 0.0080 0.0080
184.032 184.119 -0.0473 -0.0558 0.0031 0.0572
184.173 184.032 0.0766 0.0681 0.0046 -0.0382
184.612 184.173 0.2384 0.2298 0.0528 -0.2221
184.218 184.612 -0.2134 -0.2219 0.0493 0.3316
184.432 184.218 0.1162 0.1076 0.0116 0.1270
184.344 184.432 -0.0477 -0.0562 0.0032 -0.0296
184.03 184.344 -0.1703 -0.1789 0.0320 0.0558
184.108 184.03 0.0424 0.0339 0.0011 -0.0353
184.505 184.108 0.2156 0.2071 0.0429 0.0540
185.024 184.505 0.2813 0.2728 0.0744 0.1149
184.759 185.024 -0.1432 -0.1517 0.0230 -0.1075
184.754 184.759 -0.0027 -0.0112 0.0001 0.0110
184.752 184.754 -0.0011 -0.0096 0.0001 -0.0134
184.464 184.752 -0.1559 -0.1644 0.0270 -0.0958
184.805 184.464 0.1849 0.1763 0.0311 -0.1391
184.974 184.805 0.0914 0.0829 0.0069 -0.0827
184.606 184.974 -0.1989 -0.2075 0.0430 0.2184
184.846 184.606 0.1300 0.1215 0.0148 -0.3662
185.046 184.846 0.1082 0.0997 0.0099 0.0828
184.536 185.046 -0.2756 -0.2841 0.0807 -0.0336
183.958 184.536 -0.3132 -0.3217 0.1035 0.0802
184.128 183.958 0.0924 0.0839 0.0070 -0.0494
183.972 184.128 -0.0847 -0.0932 0.0087 0.2959
183.714 183.972 -0.1402 -0.1488 0.0221 0.3082
183.577 183.714 -0.0746 -0.0831 0.0069 0.1496
183.508 183.577 -0.0376 -0.0461 0.0021 -0.1567
182.862 183.508 -0.3520 -0.3606 0.1300 -1.0511
182.731 182.862 -0.0716 -0.0802 0.0064 -0.0990
182.904 182.731 0.0947 0.0861 0.0074 0.0179
182.878 182.904 -0.0142 -0.0227 0.0005 0.0314
183.177 182.878 0.1635 0.1550 0.0240 0.1664
183.237 183.177 0.0328 0.0242 0.0006 -0.0108
183.321 183.237 0.0458 0.0373 0.0014 0.0207
183.298 183.321 -0.0125 -0.0211 0.0004 0.0014
183.515 183.298 0.1184 0.1099 0.0121 -0.4407
183.371 183.515 -0.0785 -0.0870 0.0076 0.0658
183.449 183.371 0.0425 0.0340 0.0012 -0.0312
183.493 183.449 0.0240 0.0155 0.0002 -0.0262
183.534 183.493 0.0223 0.0138 0.0002 0.0060
183.613 183.534 0.0430 0.0345 0.0012 0.0790
183.683 183.613 0.0381 0.0296 0.0009 -0.0618
184.234 183.683 0.3000 0.2914 0.0849 0.0923
184.09 184.234 -0.0782 -0.0867 0.0075 0.0351
182.958 184.09 -0.6149 -0.6234 0.3887 0.2273
183.404 182.958 0.2438 0.2352 0.0553 0.3116
183.794 183.404 0.2126 0.2041 0.0417 -0.2891
183.635 183.794 -0.0865 -0.0950 0.0090 0.0841
183.78 183.635 0.0790 0.0704 0.0050 0.0734
183.538 183.78 -0.1317 -0.1402 0.0197 0.2437
184.175 183.538 0.3471 0.3385 0.1146 -0.1876
183.396 184.175 -0.4230 -0.4315 0.1862 -0.1411
183.118 183.396 -0.1516 -0.1601 0.0256 0.0044
182.959 183.118 -0.0868 -0.0954 0.0091 -0.0208
183.345 182.959 0.2110 0.2025 0.0410 -0.0602
183.602 183.345 0.1402 0.1316 0.0173 -0.2695
183.607 183.602 0.0027 -0.0058 0.0000 0.0205
183.269 183.607 -0.1841 -0.1926 0.0371 0.6403
183.054 183.269 -0.1173 -0.1258 0.0158 0.4507
183.225 183.054 0.0934 0.0849 0.0072 0.1153
183.389 183.225 0.0895 0.0810 0.0066 0.0104
182.787 183.389 -0.3283 -0.3368 0.1134 -1.3397
182.857 182.787 0.0383 0.0298 0.0009 0.0225
 183.1 182.857 0.1329 0.1244 0.0155 -0.2011
183.407 183.1 0.1677 0.1591 0.0253 -0.3698
183.345 183.407 -0.0338 -0.0423 0.0018 0.0093
183.917 183.345 0.3120 0.3035 0.0921 0.1469
184.088 183.917 0.0930 0.0845 0.0071 -0.1448
184.291 184.088 0.1103 0.1017 0.0104 0.0383
184.043 184.291 -0.1346 -0.1431 0.0205 -0.2628
184.442 184.043 0.2168 0.2083 0.0434 0.2347
184.77 184.442 0.1778 0.1693 0.0287 -0.0459
184.391 184.77 -0.2051 -0.2136 0.0456 0.1125
184.794 184.391 0.2186 0.2100 0.0441 -0.0592
184.679 184.794 -0.0622 -0.0708 0.0050 -0.0398
184.87 184.679 0.1034 0.0949 0.0090 0.1186
184.67 184.87 -0.1082 -0.1167 0.0136 -0.0310
184.517 184.67 -0.0829 -0.0914 0.0083 0.1048
184.698 184.517 0.0981 0.0896 0.0080 -0.0536
184.848 184.698 0.0812 0.0727 0.0053 -0.1257
184.833 184.848 -0.0081 -0.0166 0.0003 0.0322
184.952 184.833 0.0644 0.0559 0.0031 -0.0552
185.346 184.952 0.2130 0.2045 0.0418 0.1528
185.05 185.346 -0.1597 -0.1682 0.0283 0.3822
185.739 185.05 0.3723 0.3638 0.1324 -0.1877
185.547 185.739 -0.1034 -0.1119 0.0125 -0.3198
185.709 185.547 0.0873 0.0788 0.0062 0.0403
185.752 185.709 0.0232 0.0146 0.0002 0.0459
186.419 185.752 0.3591 0.3506 0.1229 0.9022
186.351 186.419 -0.0365 -0.0450 0.0020 -0.0599
186.57 186.351 0.1175 0.1090 0.0119 0.1927
186.764 186.57 0.1040 0.0955 0.0091 0.0261
186.021 186.764 -0.3978 -0.4064 0.1651 -0.5009
185.854 186.021 -0.0898 -0.0983 0.0097 0.0780
185.668 185.854 -0.1001 -0.1086 0.0118 0.1164
186.185 185.668 0.2785 0.2699 0.0729 0.3344
186.207 186.185 0.0118 0.0033 0.0000 0.0059
186.167 186.207 -0.0215 -0.0300 0.0009 0.0279
186.35 186.167 0.0983 0.0898 0.0081 -0.0599
186.345 186.35 -0.0027 -0.0112 0.0001 -0.0041
186.646 186.345 0.1615 0.1530 0.0234 -0.0644
186.212 186.646 -0.2325 -0.2411 0.0581 -0.0107
186.417 186.212 0.1101 0.1016 0.0103 -0.0089
185.864 186.417 -0.2966 -0.3052 0.0931 0.0999
185.92 185.864 0.0301 0.0216 0.0005 -0.0467
186.148 185.92 0.1226 0.1141 0.0130 0.0997
185.907 186.148 -0.1295 -0.1380 0.0190 -0.0141
185.855 185.907 -0.0280 -0.0365 0.0013 0.0207
186.415 185.855 0.3013 0.2928 0.0857 0.1872
186.054 186.415 -0.1937 -0.2022 0.0409 -0.0426
185.915 186.054 -0.0747 -0.0832 0.0069 -0.0097
185.727 185.915 -0.1011 -0.1096 0.0120 0.0438
185.979 185.727 0.1357 0.1272 0.0162 0.0535
186.017 185.979 0.0204 0.0119 0.0001 -0.0152
186.42 186.017 0.2166 0.2081 0.0433 -0.5110
186.746 186.42 0.1749 0.1663 0.0277 -0.0647
187.043 186.746 0.1590 0.1505 0.0227 -0.1684
186.728 187.043 -0.1684 -0.1769 0.0313 0.2212
186.671 186.728 -0.0305 -0.0391 0.0015 -0.0207
187.181 186.671 0.2732 0.2647 0.0701 -0.2415
187.007 187.181 -0.0930 -0.1015 0.0103 -0.0447
187.176 187.007 0.0904 0.0818 0.0067 0.0597
187.789 187.176 0.3275 0.3190 0.1017 0.1164
187.702 187.789 -0.0463 -0.0549 0.0030 0.0120
188.035 187.702 0.1774 0.1689 0.0285 0.0497
188.097 188.035 0.0330 0.0244 0.0006 -0.0006
188.231 188.097 0.0712 0.0627 0.0039 0.0143
188.605 188.231 0.1987 0.1902 0.0362 -0.0680
188.39 188.605 -0.1140 -0.1225 0.0150 0.0763
188.89 188.39 0.2654 0.2569 0.0660 0.4234
188.695 188.89 -0.1032 -0.1118 0.0125 -0.1325
188.745 188.695 0.0265 0.0180 0.0003 0.0057
188.399 188.745 -0.1833 -0.1918 0.0368 0.0333
188.572 188.399 0.0918 0.0833 0.0069 -0.0772
188.455 188.572 -0.0620 -0.0706 0.0050 0.0854
188.786 188.455 0.1756 0.1671 0.0279 0.0367
188.695 188.786 -0.0482 -0.0567 0.0032 0.0789
188.657 188.695 -0.0201 -0.0287 0.0008 0.0592
188.248 188.657 -0.2168 -0.2253 0.0508 -0.4258
188.162 188.248 -0.0457 -0.0542 0.0029 -0.0884
188.099 188.162 -0.0335 -0.0420 0.0018 -0.1956
188.008 188.099 -0.0484 -0.0569 0.0032 -0.0075
187.839 188.008 -0.0899 -0.0984 0.0097 0.0598
188.318 187.839 0.2550 0.2465 0.0608 0.0092
188.592 188.318 0.1455 0.1370 0.0188 -0.1366
188.722 188.592 0.0689 0.0604 0.0036 0.0882
188.449 188.722 -0.1447 -0.1532 0.0235 -0.0953
188.958 188.449 0.2701 0.2616 0.0684 -0.0053
189.055 188.958 0.0513 0.0428 0.0018 -0.0331
 189.312 189.055 0.1359 0.1274 0.0162 -0.0050
189.134 189.312 -0.0940 -0.1025 0.0105 0.0447
189.303 189.134 0.0894 0.0808 0.0065 0.0031

2.2080 9.9095 2.2008

(ErB)Daily = (rB̅ )Daily 0.0085 %

ErB 3.1116 %

(s2B)Daily 0.0384

wB 0.6
 w2B 0.36

of 102.6836 % with an annual risk of +/- 10.1333 %

wB 0.5
2
wB 0.25
 wB 0.4
2
wB 0.16

Portfolio 3
wSP wB
60% 40%
2.8771

14.8343
 l give highest return among all the porfolios and
portfolio 1